22328 88th Way S #Y105KentWA98031
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 22328 88th Way S #Y105, Kent, WA, 98031 in Kent. At $499,998 it earns $3,732/mo in rent and distributes $726/mo to the owner after the $2,248/mo payment, a consistent 8.96% yield. DSCR 1.66 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $138,140 in value; $4,605/yr in principal paydown compounds ownership stake. Total projected return: $235,994.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.8% |
| Monthly Cash Flow | $726 | $1,850 |
City averages based on Kent market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,732 |
| Total Monthly Debt Service | $2,807 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98031, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,151 (100%) |
| Owner Occupied HU | 9,308 (61.4%) |
| Renter Occupied HU | 5,377 (35.5%) |
| Vacant Housing Units | 466 ( 3.1%) |
| Median Home Value | $626,625 |
| Average Home Value | $696,045 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
11,110
Multi-Family
3,315
Businesses
391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98031, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,151 (100%) |
| Owner Occupied HU | 9,308 (61.4%) |
| Renter Occupied HU | 5,377 (35.5%) |
| Vacant Housing Units | 466 ( 3.1%) |
| Median Home Value | $626,625 |
| Average Home Value | $696,045 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
11,110
Multi-Family
3,315
Businesses
391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wahid Noori • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2420918